4/17 BTC Public Strategy



BTC's recent 3-day trend has been very similar, with U.S. stocks opening on Monday and Tuesday, surging to 76,000. It has been consolidating within the 73,200-75,400 range, but the movements are quite bizarre. When U.S. stocks rise, the crypto market doesn't follow or even shows no reaction; then there was a sharp sell-off yesterday afternoon that seemed more like a market maker washing out chips. Fortunately, the bullish forces in the market remained strong, quickly recovering to around 74,500. Afterwards, U.S. stocks rallied again after hours. So, the support below is still relatively strong. As always, no negative news has emerged, so it's better to go long at low levels and avoid chasing.

Buy within the 74,200-73,800 range

The next step depends on whether the 75,400 level can hold. Recently, every time it hits that level, it drops back. If it breaks through, the 76,600 level is likely to be tested.
BTC-0,4%
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